History &amp Heritage

Company History

JM signs a new 12-year lease at its World Headquarters building in Denver, CO and unveils renovated office space, reaffirming the company’s commitment to the city and its principles of sustainability.

To support the growing demand for high-end filtration nonwovens, JM’s Wertheim, Germany facility completes an expansion of its micro glass fiber nonwoven production for air filtration media; and the company announces an additional investment of 32 million Euros in a state-of-the-art PET spunbond line for filtration products at its production site in Berlin, Germany.

Insulate America names JM “Supplier of the Year” for the third time in recognition of the company’s superior customer service and overall support of the association.

In partnership with FunderMax, JM’s European glass nonwovens division and technical center in Littleton, Colo. develop new m.look fire-proof facade panels that combine JM’s special glass mat layers with FunderMax’s unique fire retardant resins to open up new areas of application.

Twenty-five JM U.S. facilities earn the National Safety Council (NSC) Occupational Excellence Achievement Award for outstanding safety achievements. JM also earns a Safe-in-SoundTM Award for its Hearing Loss Prevention Pyramid from the National Institute for Occupational Safety and Health (NIOSH) and the National Hearing Conservation Association (NHCA).

JM announces investment to expand current fiber production capacities in its Trnava, Slovakia facility.

JM named a Climate Action Leader by the California Climate Action Registry for the third year in a row because the company has voluntarily quantified, verified and publicly reported their California greenhouse gas (GHG) emissions. JM remains the only insulation manufacturer to have earned this status.

JM brings additional capacity online at its Waterville, Ohio facility, immediately increasing supply for some products by as much as 35 percent.

JM sponsors the Living City Block, a program to make urban landscapes more sustainable and livable.

JM introduces innovative new products, including Invinsa®, a resilient, lightweight roof cover board designed as an integral component of the roof system; GlasKap CR, a white mineral surfaced, white acrylic coated, fiber glass cap sheet for use in built-up roofing systems; and Gorilla Wrap®, a non-woven, non-perforated housewrap designed to significantly reduce air and water infiltration into the wall cavity of a building.

Johns Manville honored by National Safety Council for Excellence in Workplace Safety.

JM opens new spunbond production line in Bobingen, Germany.

2005

JM introduces formaldehyde-free MR™ Faced Batts treated with an EPA registered preservative that helps protect the product from the potential growth of mold and mildew.

JM announces plans to expand its Bobingen, Germany, facility by adding a new polyester spunbond production line.

JM announces plans to build a new nonwoven glass mat production line at its facility in Etowah, Tennessee.

2004

JM announces plans for new $100 million pipe insulation plant in Defiance, Ohio, to begin production in mid-2006.

JM starts up a new furnace in its Trnava, Slovakia, facility, a $100 million investment in the growing composites industry.

JM finalizes a strategic alliance with Apache Products Company to acquire and lease five polyisocyanurate roofing insulation and sheathing product facilities.

JM announces it will repurchase an additional $166.8 million of stock from the Trust. Tax deductions resulting from the transaction will lower JM’s effective tax rate and result in increased earnings per share.

Tom Stephens steps down as Chairman, President and CEO; C.L. 'Jerry' Henry replaces him, joining Schuller on September 9.

Schuller announces plans to acquire Ergon Nonwovens.

1995

Manville announces plans to sell its majority interest in Riverwood.

Manville sells its majority interest in Stillwater Mining Company.

Manville announces plans to change the name of the company to Schuller Corporation.

Schuller expands into Poland and China.

Schuller expands rotary production capacity for building insulation, mechanical and specialty insulation products.

Schuller announces plans to acquire Nord Bitumi and Dibiten USA.

1994

In late 1994, Schuller completes an initial public offering of $400 million senior notes. The proceeds were used to satisfy most of the remaining fixed income obligations to the Trust.

The Bankruptcy Act of 1994 was signed into law, which contained a provision that helped reassure the financial markets that the Injunction, forever protecting Schuller from asbestos liability, was indeed permanent.

In July, the Trust announced that a settlement had been reached in the class action lawsuit to restructure the way it settles claims. The settlement was approved by the District Court in New York in January 1995 and the Trust began paying claims under the new settlement plan in February, 1995.

Schuller announces intent to acquire the commercial/industrial roofing business from Owens-Corning Fiberglas and to sell its residential roofing business to Owens-Corning Fiberglas. Transaction completed in January 1994.

Manville pays second special dividend of $1.04 per share.

1992

Manville Corporation's first full year under the holding company structure.

Seeks to put asbestos health claimants on equal footing with all creditors and to provide a fair, systematic way of handling health claims.

1982

Manville Corporation files for Chapter 11.

Manville and certain of its subsidiaries file (individually) for protection under Chapter 11 of the Bankruptcy Reform Act of 1978 in U.S. Bankruptcy Court for the Southern District of New York.

1981

Manville Corporation formed in corporate reorganization.

Organization based on five operating divisions: building materials; forest products; industrial products; specialty products; international businesses.

1977

HERM fiber glass process developed.

Process significantly reduces fiber glass production costs.

Company began a $200 million four-year capital expansion program at six U.S. fiber glass plants designed to double capacity by 1981.

1974

Johns-Manville sales exceed $1 billion.

Company holds solid position as one of the nation's leading manufacturers of fiber glass, asbestos-cement pipe and polyvinyl chloride (PVC) pipe.

1972

Johns-Manville moves World Headquarters from New York to Denver, Colorado.

1971

Johns-Manville makes European acquisition and increases share in fiber glass business by purchasing a 75 percent interest in Johns Manville Fiber Glass of West Germany (acquired the remaining 25 percent between 1972 and 1977).

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